Everyone should be provided the opportunity to achieve their potential.
Joined on 29 October, 2017
(i) a lack of earnings potential transparency for non-full time W2 workers, (ii) unnecessarily poor access to needed public financial benefits and (iii) a lack of a basic income to sustain survival. #financialinclusion #racialwealthgap #UniversalBasicIncome
I have been tremendously disturbed by the continued outweighed negative economic impact on racial minorities that Steady has witnessed during COVID such as our African American Members making up 46% of our emergency cash grant recipients that experienced >50% income loss.
This is sickening. There are tens of millions of Americans suffering - struggling to put food on the table, pay rent and keep the utilities on and all of our attention the past 2 months has been shifted to a single egomaniac rather than on helping our fellow Americans!
This CNBC piece by The Century Foundation's Andrew Stettner explains that unemployment fraud is being driven by organized crime, not displaced workers.
Highlights Steady data showing the troubling lag in payments for 1099/gig workers eligible to receive benefits under (PUA).
Jobs continue to be shed and worker utilization reduced. Those already most vulnerable are suffering the largest brunt of this economic impact. Jobs are not coming back anytime soon and many may never come back - this is very much a bipartisan problem.
We are rapidly nearing the trough in earnings that we saw shortly after the onset of the pandemic and with no end in sight to this decline. The narrative of "take away cash payments to those in need and they will be able to find work" is proving to be utterly false.
@rachelle_j_kim @davidkim2020 Thank you, Rachelle!
Picture #1 is the inside of the fridge before a trip to the grocery store.
Pictures #2/3 are the groceries from today’s trip c/o the much needed UBI pilot.
one of the many good things stemming from this initiative 🙏🏻
# of unemployed workers (w/o including non-W2 workers expanded coverage under PUA) exceeds the # of available jobs by approx. 4x according to the Economic Policy Institute. The extra $600/week in unemployment insurance didn't prevent workers from going to jobs that don't exist!
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